Finance Committee

Financial Statement Disclosures

Certain financial statement disclosures involve significant judgment and are particularly
sensitive because of their significance to financial statement users. We noted no partic-
ularly sensitive disclosures affecting the City’s financial statements.

Identified or Suspected Fraud
We have not identified or obtained information that indicates that fraud may have occurred.
Significant Difficulties Encountered during the Audit

Compliance with All Ethics Requirements Regarding Independence

The engagement team and others in our Firm have complied with all relevant ethical
requirements regarding independence. Safeguards that have been applied to eliminate
threats to independence or reduce them to an acceptable level include annual certification
by all Firm staff of independence, or when circumstances change during the year.

Qualitative Aspects of the Entity’s Significant Accounting Practices
Significant Accounting Policies

MELANSON

ACCOUNTANTS * AUDHTORS

102 Perimeter Road
Nashua, NH 03063
(603)882-1111

melansonheath.con

City of Nashua, New Hampshire Additional Offices:

229 Main Street Andover, MA

Nashua, New Hampshire 03061 Greenfield, MA
Manchester, NH
Allsworth, ME

Dear Honorable Mayor and Board of Aldermen:

) THE CITY OF NASHUA “The Cate City’

Financial Services Division
Office of the Chief Financial Officer

TO: Members of the Board of Aldermen

FROM: be, ohn L. Griffin, CFO/Comptroller

DATE: April 9, 2019

RE: Melanson Heath Presentation — April 17, 2019

The purpose of this communication is to inform you that Mayor Donchess has scheduled a

‘presentation by Melanson Heath on Wednesday Apri! 17, 2019 in the Aldermanic Chambers.
This presentation will be the first agenda item for the Finance Committee that evening.

R-19-132
Endorser: Mayor Jim Donchess
AUTHORIZING THE MAYOR TO ENTER INTO A SUCCESSOR “CONCESSION AGREEMENT”
WITH GRANITE DIAMOND, LLC

R-19-133

Endorsers: Mayor Jim Donchess
Alderwoman Mary Ann Melizzi-Golja
Alderman Patricia Klee
Alderman-at-Large Brandon Michael Laws
Alderman Tom Lopez
Alderwoman-at-Large Shoshanna Kelly
Alderman-at-Large David C. Tencza
Alderman Jan Schmidt

AUTHORIZING THE MAYOR TO ENTER INTO A MEMORANDUM OF UNDERSTANDING WITH

SPECTACLE MANAGEMENT, INC.

FINANCE COMMITTEE

APRIL 17, 2019

7:00 pm Aldermanic Chamber

ROLL CALL

PUBLIC COMMENT

PRESENTATION

Melanson Heath & Company - 2018 Annual Audit and Comprehensive Annual Finance Report (CAFR)

COMMUNICATIONS

From:
Re:

From:
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From:

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John L. Griffin, CFO/Comptroller
Melanson Heath Presentation — April 17, 2019

Finance Committee - 4/17/2019 Page 22
Alderman Klee

The Finance Report, that came a few weeks ago.

Alderman Laws

My mistake then.

Alderman Harriott-Gathright

But | think the e-mail said something to the effect that we should bring it with you, | just didn’t read the e-mail
until | got here.

Alderman Klee

Finance Committee - 4/17/2019 Page 21

Mr. Creedon Thank you all.

Mayor Donchess

Thank you for coming.

R-19-133

Endorsers: Mayor Jim Donchess
Alderwoman Mary Ann Melizzi-Golja
Alderman Patricia Klee
Alderman-at-Large Brandon Michael Laws
Alderman Tom Lopez
Alderwoman-at-Large Shoshanna Kelly
Alderman-at-Large David C. Tencza
Alderman Jan Schmidt

AUTHORIZING THE MAYOR TO ENTER INTO A MEMORANDUM OF UNDERSTANDING WITH

SPECTACLE MANAGEMENT, INC.

Finance Committee - 4/17/2019 Page 20

Alderwoman Kelly

That works out to $12.50 per meal.
Mr. Creedon I'll see you at every game.
Alderman O’Brien

| just want to say welcome, | think this is great, | mean it’s one of the better assets to this City for the family fun,
to come out on a nice night and enjoy a decent ballgame, take concession advantages, nothing like a hot dog
at Hollman Stadium. They taste better there for sure. | wish the best of luck to your franchise.

Mr. Creedon Thank you very much.

Alderman Laws

Finance Committee - 4/17/2019 Page 19

Mr. Creedon It’s 28 regular season home games and then playoffs.

Mayor Donchess

So you’d get 28, 30 meals for $385.00 as much as you want, so that’s a pretty good deal.
Alderwoman Kelly
I’m eating for 2 so here we go.

Alderman Harriott-Gathright

How do you spell your last name?
Mr. Creedon C-R-E-E-D-O-N.

Alderman Harriott-Gathright

Thank you.

Alderman Caron